International Reserves in Mongolia
Mongolia - International ReservesThe economy continued to expand strongly in the first half of the year, powered by shipments of minerals to China and investment in the country’s mining industry. However, data for September has started to display some alarming signs, with industrial production contracting for the second period in the last 12 months as a result of a sharp drop in mining of metal ores. Moreover, exports declined at the fastest pace in nearly two years in September. That said, the decline was mostly the result of lower prices for key commodities rather than an actual drop in volumes, suggesting that demand from China remains relatively strong. Finally, private consumption could lose steam in the coming months as domestic credit contracted in September. On the upside, China relaxed air quality targets in the north of the country for the October-to-March period, which should support Mongolia’s coal sector.
Mongolia - International Reserves Data
|International Reserves (USD)||2.2||1.7||1.3||1.3||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia International Reserves Chart
Source: Bank of Mongolia and FocusEconomics calculations.
|Exchange Rate||2,700||-0.04 %||Nov 21|
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